A Week In Washington, DC, On A Joint $655,000 Income - Money Diary

[Anonymous]

I had no idea there was such a thing as a family office. I actually think this level of wealth is revolting.

[Anonymous]

Anonymous wrote:I had no idea there was such a thing as a family office. I actually think this level of wealth is revolting.

Ok that’s you. I”ll take it any day.

[Anonymous]

Anonymous wrote:I had no idea there was such a thing as a family office. I actually think this level of wealth is revolting.

Why? It sounds like Op and her siblings are all productive members of society. Op is a surgeon for Pete’s sake. With the amount of wealth she has, she could have chosen a much less stressful career and one that did not involve so many years of grueling training. Also, there are different types of family offices. They may not have an entire firm like some very well known wealthy families. Based on this article, we do not know how large the family office is or their level of wealth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why the hell are people with this income buying pet insurance?!

That was really my only question.

6 pages in and I still have this question.

[Anonymous]

Anonymous wrote:sorry we don't have a pet, but what's about the pet insurance that people find unbelievable. Can't understand here...

What is the maximum in medical bills you'd pay for a pet? How does that compare to $655k a year? There is no point insuring against this risk.

[Anonymous]

Whatever, we have almost this HHI and live in a very different fashion. Yes, we pay full tuition for two kids in private school, but we definitely walk our own dog.

And yes, we have a "family fund" but it is essentially just a tax shelter and funds are matched by my husband's employer. It's a very easy and safe way to give to charities.

People, please take this woman's post with a grain of salt, it's just immature grand-standing. She's just a kid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why the hell are people with this income buying pet insurance?!

That was really my only question.

Horses? I don’t see how she’d have the time, though.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I had no idea surgeons work such long hours - 6 am to after 6 pm; it's crazy. It's awesome that they give 3K/month to charity. I agree with the dog daycare, you can't leave the dogs alone at home for such a long time.

6 am to 6 pm is in no way crazy.

+1. This is a reality for many, many people who make way less than a surgeon.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I had no idea there was such a thing as a family office. I actually think this level of wealth is revolting.

Why? It sounds like Op and her siblings are all productive members of society. Op is a surgeon for Pete’s sake. With the amount of wealth she has, she could have chosen a much less stressful career and one that did not involve so many years of grueling training. Also, there are different types of family offices. They may not have an entire firm like some very well known wealthy families. Based on this article, we do not know how large the family office is or their level of wealth.

So tired of this. Yet again, its mostly ONLY wealthy people who go to medical school. You cant take an unpaid internship or even a partially paid internship if you arent supported by mommy and daddy. Medical school prep, applications, interviews are all cost prohibitive. FULL STOP. Failing biochem- get a tutor. Dont have time to get groceries- pay for delivery. Dont have time to clean your clothes because you are studying- pay for laundry. Need to be close to the hospital- get an apartment so that you dont waste precious time commuting and can sleep/study more.

https://www.idealmedicalcare.org/is-medical-school-just-for-rich-kids-this-native-american-woman-says-yes/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I had no idea there was such a thing as a family office. I actually think this level of wealth is revolting.

Why? It sounds like Op and her siblings are all productive members of society. Op is a surgeon for Pete’s sake. With the amount of wealth she has, she could have chosen a much less stressful career and one that did not involve so many years of grueling training. Also, there are different types of family offices. They may not have an entire firm like some very well known wealthy families. Based on this article, we do not know how large the family office is or their level of wealth.

So tired of this. Yet again, its mostly ONLY wealthy people who go to medical school. You cant take an unpaid internship or even a partially paid internship if you arent supported by mommy and daddy. Medical school prep, applications, interviews are all cost prohibitive. FULL STOP. Failing biochem- get a tutor. Dont have time to get groceries- pay for delivery. Dont have time to clean your clothes because you are studying- pay for laundry. Need to be close to the hospital- get an apartment so that you dont waste precious time commuting and can sleep/study more.

https://www.idealmedicalcare.org/is-medical-school-just-for-rich-kids-this-native-american-woman-says-yes/

Yep, and there are a lot of medical students whose parents are successful doctors that know that they will inherit their parents' private practice. Especially common with people going into specialties like dermatology and plastic surgery.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I had no idea there was such a thing as a family office. I actually think this level of wealth is revolting.

Why? It sounds like Op and her siblings are all productive members of society. Op is a surgeon for Pete’s sake. With the amount of wealth she has, she could have chosen a much less stressful career and one that did not involve so many years of grueling training. Also, there are different types of family offices. They may not have an entire firm like some very well known wealthy families. Based on this article, we do not know how large the family office is or their level of wealth.

So tired of this. Yet again, its mostly ONLY wealthy people who go to medical school. You cant take an unpaid internship or even a partially paid internship if you arent supported by mommy and daddy. Medical school prep, applications, interviews are all cost prohibitive. FULL STOP. Failing biochem- get a tutor. Dont have time to get groceries- pay for delivery. Dont have time to clean your clothes because you are studying- pay for laundry. Need to be close to the hospital- get an apartment so that you dont waste precious time commuting and can sleep/study more.

https://www.idealmedicalcare.org/is-medical-school-just-for-rich-kids-this-native-american-woman-says-yes/

...and guess who funds the majority of scholarships to med schools? Yep, family foundations. I work in development for a local university. Those family funds that you denigrate pay for the majority of scholarships to our medical school and undergrads, loans are expensive and not always easy to get. There are a LOT of programs and scholarships fully funded by families like the one in the article and our school is well on our way to fully funding medical education for anyone who can't afford it on their own.

[Anonymous]

aiiieee, such a time capsule of beforetimes. i wonder what her week looks like now?

[Anonymous]

"K. and L. bro out about big law life"...

Pretty sure DH's assistant makes more than $120k at a big law firm...

Also is her paycheck AFTER taxes? $12,178 biweekly comes out to $292k....

515 + 120 = 635K, not 655K.

[Anonymous]

Anonymous wrote:Woke up at 10am and read this article and no wonder we are poor... We definitely have no such discipline

What discipline? I'm not hating on the diarist because they can apparently afford it and don't really need to worry about retirement savings, but I'm not seeing any particular financial discipline. I mean, in one week she's (1) splurged on $1,500 in La Perla for her vacation, (2) bought a $2,000 dress for a holiday party, (3) bought $3,000 tickets to take her niece and nephew to Utah flying first class, and (4) given AmEx concierge carte blanche to book whatever they want in Japan.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I had no idea there was such a thing as a family office. I actually think this level of wealth is revolting.

Why? It sounds like Op and her siblings are all productive members of society. Op is a surgeon for Pete’s sake. With the amount of wealth she has, she could have chosen a much less stressful career and one that did not involve so many years of grueling training. Also, there are different types of family offices. They may not have an entire firm like some very well known wealthy families. Based on this article, we do not know how large the family office is or their level of wealth.

Yep, or do drugs like Getty family